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Verita Appoints Lim Soon Hock As Non-Executive And Independent Director

Singapore, 4 November 2018 – Verita Healthcare Group Limited (“Verita” or the “Company” and together with its subsidiaries, the “Group”) is delighted to announce that Mr Lim Soon Hock has joined the Verita Board as a Non-Executive and Independent Director.

Soon Hock brings a great combination of executive management and Board experience, including with listed companies as Non-executive and Independent Director and on core Committees (Nomination, Remuneration and Audit & Risks Management).

He also has strategic experience in areas that are key to Verita’s future success: including the healthcare sector (including being the longest-serving member of Singapore’s Health Promotion Board, and in harnessing innovative technology to positively disrupt and create new market opportunities; a key strategy for Verita group as it seeks to ramp up its Verita Wisdom analytics platform through integrating advanced MedTech, big data, AI and health analytics).

Soon Hock also brings great connections and strategic guidance to important areas such as channel marketing which will help accelerate growth in the Verita Innovate product business.

Background:

Lim Soon Hock
BBM; PBM; JP; B. Eng (Hons); Dip of BA; Grad Cert in International Arbitration; PEng (S); FIES; FAES; CEng (UK); FIET; Hon Fellow of AFEO; FSCS; FSID; FSIArb

Lim Soon Hock has more than 30 years of experience as a board member, chief executive officer, technopreneur and private investor, across a variety of industries, all within a highly competitive international environment.

He has helped take businesses from start-ups and SMEs to achieve phenomenal success, through accelerated organic growth plans and acquisitions, listing and implementing turning-around plans.

Strength in Overseas Markets

Soon Hock has a profound understanding of the complex and heterogeneous Asia Pacific market, having held regional responsibilities which cover Japan, Korea, China, Hong Kong, Taiwan, South East Asia, Indo-China, India, Australia and New Zealand. He is also familiar with the management culture and business ethos of MNCs from his leadership appointments at Digital Equipment, Compaq and SITA.

Business Leadership
He was best known as the former Vice President and Managing Director of Compaq Computer Asia Pacific, who took the company to S$1.5 billion turnover from under S$ 50m in 7 years, from 1989 to 1995, in what was arguably the most difficult market in the world. He was also a member of the worldwide executive management team.

Prior to joining Compaq, he was General Manager of Digital Equipment Singapore. From 1999 to 2003, he was the President of SITA INC Asia Pacific; SITA INC is a multi-billion dollar global company that provides managed data services and IT solutions to the air transport industry.

Soon Hock is currently the Founder and Managing Director of PLAN-B ICAG Pte Ltd, a boutique corporate advisory firm, which he set up after stepping down from Compaq in 1996. His practice is selectively involved in restructuring, business acceleration, business turn-around, business and management mentorship, capital raising, technology incubation and private investments.

Post Compaq, he had been involved in taking 3 companies public, one each on SGX, ASX and AIM, as well as being involved in 12 mergers and acquisitions.

Extensive Board and Advisory Role in Private and Public Sectors
Soon Hock consults for several global MNCs and promising SMEs. Some of his clients include Medibank Health Solutions [Medibank is the largest health insurance company in Australia], iDS Medical Solutions, a 100% owned subsidiary of the Fung Group, a multi-billion conglomerate in Hong Kong, Ogilvy Public Relations Singapore, SICPA Asia Development Pte, Coke, Asia Pacific Breweries, Westech Electronics Ltd, TruMarine Pte Ltd, etc.

Other senior positions which he held in the past, include being Chairman of the Singapore Institute of Management; Chairman of the Institute of High Performance Computing; President of Matrix Telecommunications Ltd; Chairman and CEO of Easycall International Pte Ltd; Member of the Board of Directors of Singapore Science Centre; Defense Science and Technology Agency; Defence Materiel Organisation; Health Promotion Board; Singapore Indoor Stadium and SISTIC.Com Pte Ltd; Chairman of National Family Council; Chairman of National Committee on Healthy Lifestyle; and Chairman of Centre for Fathering.

Soon Hock has more than 20 years of experience as a Non-Executive and Independent Director of public listed companies, and had served in various capacities as Chairman, Deputy Chairman, Chairman or Member of Audit and Risks Management Committee, Remuneration Committee and Nomination Committee. He was a Non-Executive and Independent Director of Pacific Internet Ltd (listed on NASDAQ), Skywest Airlines Ltd (Deputy Chairman, listed on AIM & ASX), TPA Strategic Holdings Ltd (listed on Catalist), Westech Electronics Ltd (listed on Catalist), to name a few.

He continues to sit on the boards of public listed companies, government agencies and civic organisations.

Soon Hock is also on the mentorship panels of the Singapore Business Federation and DBS BusinessClass.

He was appointed a Justice of the Peace on May 2008. He is also a Volunteer Mediator with our State Courts Singapore in his capacity as a Justice of the Peace ; a member of the Singapore Mediation Centre’s Family Panel of Mediators and Associate Mediators Panel as well as an Adjunct Professor with the National University of Singapore.

Awards and Accolades
Soon Hock received numerous awards in recognition of his work and public service. Some of these
include :

• 2014 National Day Public Service Star
• 2009 National Day Public Service Medal
• 2012 NVPC President’s Award for Volunteerism (Individual)
• 2016 Outstanding Volunteer Award ( Open Category ) from State Courts as a Volunteer Mediator
• 2012 IES Outstanding Volunteer Award
• 2011 MCYS Outstanding Volunteer Award
• 2010 IES-IEEE Joint Medal of Excellence Award
• 2010 Honorary Fellow of ASEAN Federation of Engineering Organisations
• 2009 NUS Distinguished Alumni Service Award
• 1992 NUS Distinguished Engineering Alumni Award.